Capital Investment Counsel, Inc

Name: Capital Investment Counsel, Inc 13F holdings, Q3 2025
Creator: Capital Investment Counsel, Inc
Published: 2025-10-31

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Capital Investment Counsel, Inc reported 196 stock positions worth $820.9 million. Its top holding was Apple (AAPL) at 18.2% of the portfolio, followed by Nvidia (NVDA, 14.1%) and Costco Wholesale (COST, 7.4%). Compared with Q2 2025, it opened 13 new positions, sold out of 63, added to 19 and reduced 109. The biggest buy was F/M US Treasury 3 Month Bill (TBIL, shares +324%) and the biggest sale Costco Wholesale (COST, shares −3%).

Most Recent 13F: Q2 2026
Location: RALEIGH, NC
CIK: 0001418421
Portfolio Value: $820.9M (Q3 2025)
SEC Filing: 0001398344-25-020096 ↗ filed Oct 31, 2025

Holdings Value

Holdings 196 stocks · $820.9M


AAPL Apple Inc.	18.23%	587,795	$149.7M	Reduce -1.7%
NVDA Nvidia Corp.	14.09%	620,115	$115.7M	Reduce -4.2%
COST Costco Wholesale Corp.	7.38%	65,491	$60.6M	Reduce -3.3%
WMT Walmart Inc.	3.89%	309,589	$31.9M	Reduce -2.3%
GOOG Alphabet Inc. Class C	3.29%	110,812	$27.0M	Reduce -1.6%
MSFT Microsoft Corp.	3.15%	49,958	$25.9M	Reduce -2.6%
AMZN Amazon.com Inc.	2.91%	108,747	$23.9M	Reduce -3.4%
PLTR Palantir Technologies Inc. Class A	2.18%	98,120	$17.9M	Reduce -4.9%
AMAT Applied Materials Inc.	1.75%	70,065	$14.3M	Reduce -3.7%
LOW Lowe's Cos Inc.	1.50%	49,130	$12.3M	Reduce -6.7%
CSCO Cisco Systems Inc.	1.42%	170,367	$11.7M	Reduce -3.4%
ADBE Adobe Inc.	1.35%	31,419	$11.1M	Reduce -3.5%
MRVL Marvell Technology Inc.	1.27%	124,351	$10.5M	Add +95.9%
ORCL Oracle Corp.	1.19%	34,610	$9.7M	Reduce -2.4%
XOM Exxon Mobil Corp.	1.09%	79,616	$9.0M	Reduce -0.4%
SSO Proshares Ultra S&P500	1.09%	79,950	$9.0M	Reduce -0.3%
QCOM Qualcomm Inc.	1.07%	52,959	$8.8M	Reduce -1.0%
SCHW Schwab (charles) Corp.	1.03%	88,438	$8.4M	Reduce -2.8%
KO The Coca-Cola Co.	1.00%	123,597	$8.2M	Reduce -2.2%
PG The Procter & Gamble Co.	0.98%	52,499	$8.1M	Add +10.5%
META Meta Platforms Inc. Class A	0.97%	10,807	$7.9M	Reduce -0.5%
TBIL F/M US Treasury 3 Month Bill	0.93%	151,966	$7.6M	Add +324.2%
VEEV Veeva Systems Inc. Class A	0.85%	23,326	$6.9M	Reduce -7.1%
LMT Lockheed Martin Corp.	0.81%	13,248	$6.6M	Reduce -1.6%
SAP Sap SE-Sponsored ADR	0.78%	23,910	$6.4M	Reduce -0.5%
GOOGL Alphabet Inc. Class A	0.78%	26,224	$6.4M	Reduce -1.5%
CAT Caterpillar Inc.	0.72%	12,466	$5.9M	Reduce -7.5%
HII Huntington Ingalls Industrie	0.71%	20,288	$5.8M	Reduce -1.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.67%	53,727	$5.5M	Reduce -1.6%
SWKS Skyworks Solutions Inc.	0.64%	68,717	$5.3M	Reduce -4.1%
RTX RTX Corp.	0.59%	28,765	$4.8M	Reduce -1.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.57%	90,525	$4.7M	Reduce -2.2%
ADP Automatic Data Processing	0.55%	15,399	$4.5M	No change
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.55%	39,374	$4.5M	Reduce -3.4%
KWEB Kranesh Csi China Internet	0.52%	102,187	$4.3M	Reduce -2.0%
TER Teradyne Inc.	0.52%	30,838	$4.2M	Reduce -6.4%
V Visa Inc. Class A	0.46%	11,033	$3.8M	Reduce -3.0%
FDX FedEx Corp.	0.45%	15,674	$3.7M	Reduce -2.4%
DG Dollar General Corp.	0.45%	35,731	$3.7M	Reduce -3.8%
BABA Alibaba Group Holding-SP ADR	0.43%	19,886	$3.6M	Reduce -7.4%
DDM Proshares Ultra DOW30	0.43%	33,025	$3.5M	Reduce -0.2%
TBBK The Bancorp Inc.	0.40%	43,829	$3.3M	Reduce -21.2%
WFC Wells Fargo & Co.	0.39%	38,167	$3.2M	Reduce -1.9%
DECK Deckers Outdoor Corp.	0.39%	31,182	$3.2M	Add +6.8%
XBI SS SPDR S&P Biotech ETF	0.38%	31,190	$3.1M	No change
UPS United Parcel Service Class B	0.37%	36,305	$3.0M	Reduce -2.0%
AMD Advanced Micro Devices	0.36%	18,518	$3.0M	Reduce -6.4%
PAYX Paychex Inc.	0.36%	23,215	$2.9M	Reduce -4.4%
MS Morgan Stanley	0.36%	18,371	$2.9M	Reduce -2.5%
INTC Intel Corp.	0.34%	82,598	$2.8M	Reduce -6.8%
GLW Corning Inc.	0.33%	33,500	$2.7M	Reduce -0.9%
SYY Sysco Corp.	0.32%	32,244	$2.7M	Reduce -14.4%
PYPL PayPal Holdings Inc.	0.29%	35,514	$2.4M	Reduce -0.2%
UWM Proshares Ultra RUSSELL2000	0.29%	51,102	$2.4M	Reduce -4.8%
LRCX Lam Research Corp.	0.27%	16,754	$2.2M	New
TMF Dir DLY 20+YR TR BL3X ETF-Ui	0.27%	55,200	$2.2M	New
XLV SS Health Care Select Sector	0.26%	15,277	$2.1M	Reduce -2.3%
HP Helmerich & Payne	0.24%	90,906	$2.0M	Reduce -1.2%
KRE SS SPDR S&P Regional Bank	0.22%	29,035	$1.8M	Add +0.0%
JPM JPMorgan Chase & Co.	0.22%	5,798	$1.8M	Reduce -0.6%
MCD McDonald's Corp.	0.22%	6,009	$1.8M	No change
DUK Duke Energy Corp.	0.22%	14,567	$1.8M	Reduce -2.5%
TGT Target Corp.	0.22%	19,875	$1.8M	Reduce -2.4%
ODFL Old Dominion Freight Line	0.21%	12,302	$1.7M	Add +100.0%
SPY SS SPDR S&P 500 ETF Trust-US	0.21%	2,575	$1.7M	Add +1.3%
HD Home Depot Inc.	0.21%	4,163	$1.7M	Reduce -9.8%
VZ Verizon Communications Inc.	0.20%	37,773	$1.7M	Reduce -4.1%
RY Royal Bank of Canada	0.19%	10,515	$1.5M	No change
TSLA Tesla Inc.	0.19%	3,476	$1.5M	Reduce -1.5%
D Dominion Energy Inc.	0.19%	25,119	$1.5M	Reduce -0.4%
MLM Martin Marietta Materials	0.19%	2,423	$1.5M	No change
NKE Nike Inc. Class B	0.19%	21,814	$1.5M	Reduce -14.3%
NOC Northrop Grumman Corp.	0.18%	2,470	$1.5M	Reduce -7.5%
TFC Truist Financial Corp.	0.18%	31,673	$1.4M	Reduce -34.4%
CVX Chevron Corp.	0.17%	9,182	$1.4M	Reduce -0.3%
FFIV F5 Inc.	0.16%	4,105	$1.3M	Reduce -2.4%
BRK.B Berkshire Hathaway Inc. Class B	0.15%	2,502	$1.3M	No change
CBRL Cracker Barrel Old Country	0.15%	28,459	$1.3M	Reduce -4.0%
FXI iShares China Large-Cap ETF	0.15%	30,156	$1.2M	No change
KLIC Kulicke & Soffa Industries	0.15%	29,440	$1.2M	Reduce -13.4%
GMED Globus Medical Inc. Class A	0.15%	20,890	$1.2M	Reduce -5.0%
XLI SS Industrial Select Sector	0.15%	7,740	$1.2M	Reduce -4.3%
TWI Titan International Inc.	0.14%	156,748	$1.2M	Reduce -2.4%
SNPS Synopsys Inc.	0.14%	2,335	$1.2M	Reduce -7.9%
NYT New York Times Co. Class A	0.14%	19,951	$1.1M	Add +0.5%
EXPD Expeditors Intl Wash Inc.	0.13%	8,515	$1.0M	Reduce -6.6%
KR Kroger Co.	0.13%	15,241	$1.0M	Reduce -8.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.12%	3,602	$1.0M	Reduce -4.4%
XLE SS Energy Select Sector	0.12%	11,300	$1.0M	No change
MU Micron Technology Inc.	0.12%	5,850	$979K	No change
TLT iShares 20+ Year Treasury BD	0.12%	10,695	$956K	No change
HPE Hewlett Packard Enterprise	0.12%	38,834	$954K	Reduce -13.5%
GE General Electric filed as GE AEROSPACE	0.12%	3,163	$951K	Reduce -4.5%
PCAR Paccar Inc.	0.12%	9,625	$946K	No change
CRWD CrowdStrike Holdings Inc. Class A	0.12%	1,927	$945K	Add +5.5%
UYG Proshares Ultra Financials	0.11%	9,355	$928K	Reduce -1.1%
AKAM Akamai Technologies Inc.	0.11%	12,175	$922K	Reduce -1.7%
DELL Dell Technologies -C	0.10%	6,038	$856K	No change
IYT iShares US Transportation Et	0.10%	11,592	$831K	Reduce -6.1%
TAFL AB Tax Aware Long Muni filed as AB ACTIVE ETFS INC	0.10%	33,000	$825K	Add +32.0%

Show all 196 holdings

Portfolio Sells Q2 2025 → Q3 2025


COST Costco Wholesale Corp.	Reduce -3.3%	7.38%	−1.53
AMZN Amazon.com Inc.	Reduce -3.4%	2.91%	−0.38
ADBE Adobe Inc.	Reduce -3.5%	1.35%	−0.32
JNJ Johnson & Johnson	Reduce -76.0%	0.10%	−0.26
MSFT Microsoft Corp.	Reduce -2.6%	3.15%	−0.24
WMT Walmart Inc.	Reduce -2.3%	3.89%	−0.23
CSCO Cisco Systems Inc.	Reduce -3.4%	1.42%	−0.21
SAP Sap SE-Sponsored ADR	Reduce -0.5%	0.78%	−0.19
KO The Coca-Cola Co.	Reduce -2.2%	1.00%	−0.19
UPS United Parcel Service Class B	Reduce -2.0%	0.37%	−0.13
DIS The Walt Disney Co.	Reduce -3.4%	0.55%	−0.12
DG Dollar General Corp.	Reduce -3.8%	0.45%	−0.11
VEEV Veeva Systems Inc. Class A	Reduce -7.1%	0.85%	−0.11
PAYX Paychex Inc.	Reduce -4.4%	0.36%	−0.11
TFC Truist Financial Corp.	Reduce -34.4%	0.18%	−0.10
META Meta Platforms Inc. Class A	Reduce -0.5%	0.97%	−0.10
CBRL Cracker Barrel Old Country	Reduce -4.0%	0.15%	−0.09
V Visa Inc. Class A	Reduce -3.0%	0.46%	−0.08
SCHW Schwab (charles) Corp.	Reduce -2.8%	1.03%	−0.08
TWI Titan International Inc.	Reduce -2.4%	0.14%	−0.07
SWKS Skyworks Solutions Inc.	Reduce -4.1%	0.64%	−0.07
PYPL PayPal Holdings Inc.	Reduce -0.2%	0.29%	−0.06
QCOM Qualcomm Inc.	Reduce -1.0%	1.07%	−0.06
SYY Sysco Corp.	Reduce -14.4%	0.32%	−0.06
NKE Nike Inc. Class B	Reduce -14.3%	0.19%	−0.06
TQQQ Proshares Ultrapro QQQ	Sold out	0.00%	−0.05
XOM Exxon Mobil Corp.	Reduce -0.4%	1.09%	−0.05
TGT Target Corp.	Reduce -2.4%	0.22%	−0.05
LOW Lowe's Cos Inc.	Reduce -6.7%	1.50%	−0.05
TNA Dir Dai SML Ca Bul 3X Et-Usd	Reduce -49.6%	0.06%	−0.04
FDX FedEx Corp.	Reduce -2.4%	0.45%	−0.03
KR Kroger Co.	Reduce -8.8%	0.13%	−0.03
SNPS Synopsys Inc.	Reduce -7.9%	0.14%	−0.03
DLTR Dollar Tree Inc.	Sold out	0.00%	−0.03
HYG Ishr Ibx Usd Hiyld CB ETF-Ui	Sold out	0.00%	−0.03
CARR Carrier Global Corp.	Sold out	0.00%	−0.03
CFLT Confluent Inc. Class A	Sold out	0.00%	−0.03
TROW T Rowe Price Group Inc.	Reduce -1.6%	0.67%	−0.03
RHI Robert Half Inc.	Sold out	0.00%	−0.03
HRL Hormel Foods Corp.	Sold out	0.00%	−0.03
DB Deutsche Bank AG-Registered	Sold out	0.00%	−0.03
GMED Globus Medical Inc. Class A	Reduce -5.0%	0.15%	−0.03
WFC Wells Fargo & Co.	Reduce -1.9%	0.39%	−0.02
VZ Verizon Communications Inc.	Reduce -4.1%	0.20%	−0.02
TLH iShares 10-20 Year Treasury	Sold out	0.00%	−0.02
FQAL Fidelity Quality Factor ETF	Sold out	0.00%	−0.02
FDMO Fidelity Momentum Factor ETF	Sold out	0.00%	−0.02
IBM Intl Business Machines Corp.	Reduce -4.4%	0.12%	−0.02
IVV iShares Core S&P 500 ETF	Sold out	0.00%	−0.02
LMT Lockheed Martin Corp.	Reduce -1.6%	0.81%	−0.02

Portfolio Buys Q2 2025 → Q3 2025


TBIL F/M US Treasury 3 Month Bill	Add +324.2%	0.93%	+0.69
MRVL Marvell Technology Inc.	Add +95.9%	1.27%	+0.62
LRCX Lam Research Corp.	New	0.27%	+0.27
TMF Dir DLY 20+YR TR BL3X ETF-Ui	New	0.27%	+0.27
QQQ Invesco QQQ Trust Series 1	New	0.08%	+0.08
ODFL Old Dominion Freight Line	Add +100.0%	0.21%	+0.08
VTI VG Morningstar TS MKT ETF-US	New	0.07%	+0.07
XSORX Source Capital Inc.	New	0.05%	+0.05
ANET Arista Networks Inc.	New	0.05%	+0.05
AVGO Broadcom Inc.	New	0.03%	+0.03
LHX L3HARRIS Technologies Inc.	Add +58.3%	0.08%	+0.03
BX Blackstone Inc.	New	0.03%	+0.03
CG The Carlyle Group Inc.	New	0.03%	+0.03
KLAC KLA Corp.	New	0.03%	+0.03
B Barrick Mining Corp.	New	0.03%	+0.03
CDNS Cadence Design SYS Inc.	New	0.03%	+0.03
TM Toyota Motor Corp. -Spon ADR	New	0.02%	+0.02
TAFL AB Tax Aware Long Muni	Add +32.0%	0.10%	+0.02
AGG iShares Core U.S. Aggregate	Add +50.0%	0.03%	+0.01
TAFM AB Tax Aware Inter Muni	Add +12.8%	0.08%	+0.00
ESRT Empire State Realty Trust-A	Add +16.6%	0.03%	+0.00
SPY SS SPDR S&P 500 ETF Trust-US	Add +1.3%	0.21%	+0.00
ACN Accenture PLC Class A	Add +22.4%	0.03%	−0.00
BMY Bristol-Myers Squibb Co.	Add +2.3%	0.03%	−0.00
SLB SLB Ltd.	Add +0.6%	0.08%	−0.01
KRE SS SPDR S&P Regional Bank	Add +0.0%	0.22%	−0.01
LLY Eli Lilly & Co.	Add +1.7%	0.07%	−0.01
CHKP Check Point Software Tech	Add +5.4%	0.07%	−0.01
NYT New York Times Co. Class A	Add +0.5%	0.14%	−0.01
CRWD CrowdStrike Holdings Inc. Class A	Add +5.5%	0.12%	−0.01
DECK Deckers Outdoor Corp.	Add +6.8%	0.39%	−0.01
PG The Procter & Gamble Co.	Add +10.5%	0.98%	−0.02

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	266	$929.3M	AAPL, NVDA, COST, AMAT, GOOG
Q1 2026	249	$816.1M	AAPL, NVDA, COST, WMT, GOOG
Q4 2025	261	$850.4M	AAPL, NVDA, COST, GOOG, WMT
Q3 2025	196	$820.9M	AAPL, NVDA, COST, WMT, GOOG
Q2 2025	246	$752.3M	AAPL, NVDA, COST, WMT, MSFT
Q1 2025	244	$670.6M	AAPL, NVDA, COST, WMT, AMZN
Q4 2024	246	$663.8M	AAPL, NVDA, COST, WMT, AMZN
Q3 2024	227	$696.8M	AAPL, NVDA, COST, WMT, MSFT
Q2 2024	226	$663.8M	AAPL, NVDA, COST, MSFT, WMT
Q1 2024	218	$579.6M	AAPL, NVDA, COST, LOW, MSFT